GCC Furniture Rental Market Introduction and Overview
According to SPER Market Research, the GCC Furniture Rental Market is estimated to reach USD XX billion by 2033 with a CAGR of 7.58%.
The report includes an in-depth analysis of the GCC Furniture Rental Market, including market size and trends, product mix, distribution channels, and supplier analysis. The concept of furniture rental is largely concerned with renting furniture to customers rather than purchasing it. With the constant trends and evolution of design and styles, consumers no longer demand permanent ownership of objects, goods, and commodities. Renting furniture has proven to be beneficial for consumers due to decreased maintenance costs and lower furniture prices.
Market Opportunities and Challenges
Opportunities: Rising Interest in Interior Decoration Drives Market Growth - In recent years, the populace in several GCC nations such as Kuwait, Qatar, and the UAE has been increasingly interested in interior design and décor. Interior designs tend to change quickly, prompting customers to refresh their furnishings to keep up with the newest trends. Furthermore, the GCC region's furniture rental business has grown significantly, owing to the flexibility it provides in adjusting to new design trends without the financial commitment of long-term furniture ownership.
Furthermore, as the population's interest in innovative interior design grows, renting furniture is developing as a diverse choice for achieving the desired interior aesthetics. This proclivity toward interior decoration has emerged and driven the market share of GCC Furniture Rental in recent years, and it is expected to grow more in the coming years.
Challenges: Improper Awareness and Advertising of Furniture Rental Services - In the GCC region, bad advertising and a lack of understanding regarding furniture rental have a detrimental impact on market growth. Customers continue to buy pricey furniture due to a lack of understanding among the general public regarding furniture leasing services. This has a significant impact on the prospective expansion of the region's furniture rental business. Furthermore, Furthermore, furniture rental offers flexibility, a large range of options, and cost, but a lack of understanding prevents its acceptance among the populace seeking affordable furniture solutions around the region. Furthermore, perceived insecurity among potential clients is a huge barrier.
Market Competitive Landscape
The GCC Furniture Rental market is extremely consolidated. ARREKA, Arena Group PLC, Innovative Hiring, Style Works, Risala Furniture, CORT, Chapter One, Indigo Living Limited, Lafeef, the Furniture Rental Company and others. These are the key players for Furniture Rental Market in GCC.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Type of Furniture, By Material, By End User
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| Regions covered | The UAE, Saudi Arabia, Oman, Qatar, Kuwait, Bahrain.
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| Companies Covered | ARREKA, Arena Group PLC, Innovative Hiring, Style Works, Risala Furniture, CORT, Chapter One, Indigo Living Limited, Lafeef, The Furniture Rental Company and others.
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COVID-19 Impact on GCC Furniture Rental Market
COVID-19 has had an impact on every business, including the furniture rental industry. The increasing number of people working electronically or from home has resulted in substantial development in furniture rental. The biggest furniture makers are changing their business strategies and establishing rental businesses. Furthermore, customers would desire to cut costs, making it probable that rental furniture would see an increase in demand following the lockout. As a result, the furniture rental sector grew steadily throughout the pandemic and is likely to develop further after the lockdown.
Key Target Audience
- Students
- Young Professionals
- Expats and Transients
- Home Stagers
- Event Planners
- Airbnb Hosts
- Vacation Rental Owners
- Home Renovators
- Businesses
- Residential Movers
- Seniors and Assisted Living
- Environmentally Conscious Consumers
Our in-depth analysis of the GCC Furniture Rental Market includes the following segments:
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By Product Type:
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Indoor Furniture
Outdoor Furniture
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By Type of Furniture:
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Bed- Market
Chair & Stool
Sofa & Couch
Table & Desk
Wardrobes & Dresser
Others
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By Material:
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Wood
Plastic
Others
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By End User:
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Residential
Offices
Healthcare Sector
Retail
Others
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By Region:
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Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
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Key Topics Covered in the Report
- GCC Furniture Rental Market Size (FY’2023-FY’2033)
- Overview of GCC Furniture Rental Market
- Segmentation of GCC Furniture Rental Market By Product Type (Indoor Furniture, Outdoor Furniture)
- Segmentation of GCC Furniture Rental Market By Type of Furniture (Bed- Market , Chair & Stool, Sofa & Couch, Table & Desk, Wardrobes & Dresser, Others )
- Segmentation of GCC Furniture Rental Market By Material (Wood, Plastic, Others)
- Segmentation of GCC Furniture Rental Market By End User (Residential, Offices, Healthcare Sector, Retail, Others)
- Statistical Snap of GCC Furniture Rental Market
- Expansion Analysis of GCC Furniture Rental Market
- Problems and Obstacles in GCC Furniture Rental Market
- Competitive Landscape in the GCC Furniture Rental Market
- Impact of COVID-19 and Demonetization on GCC Furniture Rental Market
- Details on Current Investment in GCC Furniture Rental Market
- Competitive Analysis of GCC Furniture Rental Market
- Prominent Players in the GCC Furniture Rental Market
- SWOT Analysis of GCC Furniture Rental Market
- GCC Furniture Rental Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the GCC Furniture Rental Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. GCC Furniture Rental Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in GCC Furniture Rental Market
7. GCC Furniture Rental Market, By Product Type (USD Million)
7.1. GCC Furniture Rental Market Value Share and Forecast, By Product Type, 2023-2033
7.2. Indoor Furniture
7.2.1. Bedroom Furniture
7.2.2. Dining Furniture
7.2.3. Kitchen Furniture
7.2.4. Living Room Furniture
7.2.5. Office Furniture
7.2.6. Storage Furniture
7.3. Outdoor Furniture
8. GCC Furniture Rental Market, By Type of Furniture (USD Million)
8.1. GCC Furniture Rental Market Value Share and Forecast, By Type of Furniture, 2023-2033
8.2. Bed- Market
8.3. Chair & Stool
8.4. Sofa & Couch
8.5. Table & Desk
8.6. Wardrobes & Dresser
8.7. Others
9. GCC Furniture Rental Market, By Material (USD Million)
9.1. GCC Furniture Rental Market Value Share and Forecast, By Material, 2023-2033
9.2. Wood
9.3. Plastic
9.4. Others
10. GCC Furniture Rental Market, By End User (USD Million)
10.1. GCC Furniture Rental Market Value Share and Forecast, By End User, 2023-2033
10.2. Residential
10.3. Offices
10.4. Healthcare Sector
10.5. Retail
10.6. Others
11. GCC Furniture Rental Market Forecast, 2019-2033 (USD Million)
11.1. GCC Furniture Rental Market Size and Market Share
12. GCC Furniture Rental Market, By Product Type, 2019-2033 (USD Million)
12.1. GCC Furniture Rental Market Size and Market Share By Product Type (2019-2026)
12.2. GCC Furniture Rental Market Size and Market Share By Product Type (2027-2033)
13. GCC Furniture Rental Market, By Type of Furniture, 2019-2033 (USD Million)
13.1. GCC Furniture Rental Market Size and Market Share By Type of Furniture (2019-2026)
13.2. GCC Furniture Rental Market Size and Market Share By Type of Furniture (2027-2033)
14. GCC Furniture Rental Market, By Material, 2019-2033 (USD Million)
14.1. GCC Furniture Rental Market Size and Market Share By Material (2019-2026)
14.2. GCC Furniture Rental Market Size and Market Share By Material (2027-2033)
15. GCC Furniture Rental Market, By End-Users, 2019-2033 (USD Million)
15.1. GCC Furniture Rental Market Size and Market Share By End-Users (2019-2026)
15.2. GCC Furniture Rental Market Size and Market Share By End-Users (2027-2033)
16. GCC Furniture Rental Market, By Region, 2019-2033 (USD Million)
16.1. GCC Furniture Rental Market Size and Market Share By Region (2019-2026)
16.2. GCC Furniture Rental Market Size and Market Share By Region (2027-2033)
16.3. The UAE
16.4. Saudi Arabia
16.5. Oman
16.6. Qatar
16.7. Kuwait
16.8. Bahrain
17. Company Profile
17.1. ARREKA
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Arena Group PLC
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Innovative Hiring
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Style Works
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Risala Furniture
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. CORT
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Chapter One
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Indigo Living Limited
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Lafeef
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. The Furniture Rental Company
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
